How companies are listed in stock exchange

A worker collects latex at a rubber plantation of Vietnam Rubber Group. The group's shares jumped more than 4.6 per cent yesterday, leading the market's uptrend. — VNA/VNS Photo Benchmark indices ticked higher on Monday, buoyed by gains in manufacturing stocks and the return of foreign investors. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index extended rallies to the second straight day. The index rose 1.1 points, or 0.1 per cent, to 1,155.25 points. It recovered on Friday with a slight increase of 0.15 per cent, but lost nearly 3.3 per cent for the week. The stock market has dipped for three consecutive weeks and recorded the longest weekly losing streak since the beginning of the year. The index was down 8 per cent from the peak of 1,250 points but some groups have witnessed sharp falls such as securities, real estate, and public investment stocks. The market has shown signs of rebalance and recovery in the last sessions, however low liquidity is an obstacle to breach … [Read more...] about Market extends gains on manufacturing stocks

The index closed 1.1 points higher after rising 1.7 points Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, dropped 18% to VND11.5 trillion ($473.25 million). The VN30 basket, comprising the 30 largest capped stocks, saw 16 tickers gained. GVR of Vietnam Rubber Group led with a 4.6% increase, followed by VRE of retail real estate arm Vincom Retail, up 2.9%. VNM of dairy giant Vinamilk rose 1.9% and MSN of conglomerate Masan Group closed 1.4% higher. Twelve blue chips fell. TPB of private TPBank dropped 2% and GAS of state-owned Petrovietnam Gas closed 1.5% lower. Foreign investors were net sellers to the tune of VPB of private lender VPBank and VIC of private conglomerate Vingroup. The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, gained 0.18% while the UPCoM-Index for the Unlisted Public Companies Market dropped 0.10%. … [Read more...] about VN-Index gains marginally

Digital board showing stock information inside the building of the Hồ Chí Minh Stock Exchange (HoSE). — VNA/VNS Photo Việt Nam is still on the watch list of FTSE Russel for a possible reclassification from frontier to secondary emerging market status, the global index provider FTSE Russel said in its September report. However, the opportunity for the stock market’s upgrade may become clearer next year. The country has been on the watch since 2018. FTSE Russel said that Việt Nam’s reform progress is slower than expected, partly due to the COVID-19 pandemic. Việt Nam has yet to meet the delivery versus payment (DvP) criterion, which is currently rated as ‘Restricted’ due to the market practice of conducting a pre-trading check to ensure the availability of funds prior to trade execution, FTSE Russel said. Meanwhile, as the market does not experience failed trades, the ‘settlement - costs associated with failed trades’ criterion is unrated. It added that Việt Nam would need … [Read more...] about FTSE keeps VN on watch for reclassification to secondary emerging market

What have been some successful stories involving your members thus far in Vietnam? Tharabodee Serng-Adichaiwit, vice chairman of the Thai Chamber of Commerce in Vietnam Thailand has become the ninth-biggest foreign direct investment of Vietnam with nearly 690 projects and $13 billion so far. While Thai investment properly kicked off in the early 1990s here, Bangkok Bank started investment in Vietnam way back in 1961 with its first branch in the former Saigon. We believe that with the growing potential of Vietnam itself and our continuous promotion to Thai investors, one day Thai investment could enter the top five. This will also to help the two countries to achieve the bilateral trade goal of $25 billion by 2025, and ultimately bring our two countries closer in sub-regional, regional, and multinational cooperation. Most big Thai conglomerates already have a presence in Vietnam, such as C.P., SCG, Bangkok Bank, IVL, Red Bull, and more. Thai investment is also … [Read more...] about A land of promise for Thai investors

Chairman Tran Dinh Quyen with Acuity Funding president Ranjit Thambyrajah at September 25’s signing event On September 25, Australian Acuity Funding committed to invest $6.4 billion for Tin Thanh Group (TTG) to implement green projects. Accordingly, circa $1 billion will be used to develop four biomass power plants and thousands of hectares of sorghum cultivation in central and south of Vietnam. Around $1.7 billion will be set aside to build a tyre retread, tyre recycling and truck service plant in South Carolina over one million trucks in the United States with the goal of reducing emissions, saving costs, and transitioning to green energy. TTG has been granted land and support from the state of South Carolina with huge incentives over $500 million. The remaining $3.7 billion in funding will go towards building a green hydrogen manufacturing facility in the same state. According to chairman and CEO of TTG Tran Dinh Quyen, the company’s strategy is to become a … [Read more...] about TTG steps up green energy and emission cut ambitions

Energy is one of the key pillars in Vietnam-Germany relations over the past decades with a series of projects and programs operated by The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) – the German Development Agency. A delegation of nearly 50 German companies led by Minister-President of the German state of Lower Saxony , Stephan Weil, has expressed their interest in renewable energy and energy efficiency , the field in which the Federal Government of Germany has cooperated with Vietnam for years. Vietnam's Prime Minister Pham Minh Chinh (R) and Minister-President of the German state of Lower Saxony , Stephan Weil, in Hanoi on October 1. Photo: VGP Other fields of potential cooperation that the Lower Saxony’s government and businesses want to focus on include vocational training, skilled labor migration, tourism, digitalization, and Industry 4.0. The issues were stated by Prime Minister-President Stephan Weil at … [Read more...] about Lower Saxony wants to invest in energy transition in Vietnam

Lieutenant General To An Xo, spokesman for the Ministry of Public Security speaks at the Government's regular press conference on September 30. (Photo: VNA) Hanoi (VNA) – Hanoi police has initiated legal proceedings against and arrested Ngo Thi To Nhien, director of the Vietnam Initiative for Energy Transition Social Enterprise, for allegedly appropriating internal documents regarding state-owned Electricity of Vietnam, Lieutenant General To An Xo, spokesman for the Ministry of Public Security said on September 30. Speaking at the Government’s regular press conference, Xo said two others, Duong Duc Viet, 44, senior specialist of the investment management committee of the National Power Transmission Corporation under EVN ; and Le Quoc Anh, 39, head of the system analysis department of the Power Engineering Consulting 1 company, were also arrested on the same charge. According to the police’s investigation results, since 2020, Nhien knew Anh and Viet had the right to access … [Read more...] about Energy director Ngo Thi To Nhien prosecuted for appropriating agency/organisation’s documents

Tra fish processing for export (Photo: VNA) HCM City (VNA) – The export value of aquatic products is estimated at 862 million USD in September, equal to that in the same period last year, and 16 million USD higher than that of August, according to the Vietnam Association of Seafood Exporters and Producers ( VASEP ). In the January-September period, the revenue reached 6.6 billion USD, down 22% year-on-year. VASEP's Communications Director Le Hang said that in September, some key exports like shrimp and tuna have seen good recovery to the levels of the same month last year. Notably, tra fish exports recorded a year-on-year growth rate of 9%. Hang said that in the first nine months of this year, shrimp exports fetched 2.55 billion USD, 25% lower than that of the same period of 2022. However, in recent months, exports to the two key markets of the US and China have increased, and some main markets in the Comprehensive and Progressive Agreement for Trans-Pacific … [Read more...] about Aquatic product exports see slight increase in September